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HomeMy WebLinkAbout1995-09-11 WUCFD MINUTES DISTRICT BOARD OF THE WATER UTILITIES COMMUNITY FACILITIES DISTRICT CITY OF APACHE JUNCTION, ARIZONA SEPTEMBER 11, 1995 - 6:00 P.M. MEETING MINUTES BOARD OF DIRECTORS ROLL CALL: Others Present: Chairperson Coleman District Attorney Bill Farrell Vice Chairperson Richmond District Manager Curtis Shook Mrs. Robin Barker City Attorney Glenn Gimbut Mr. Joe Durbala - Absent District Clerk Kathy Connelly Mrs, Grace Hagner Public Works Director Doug Dobson Mr. Keith Hendricks Mrs. Anne Surra District Attorney Bill Farrell briefed the Board on the matters they will be acting upon at their next meeting, which have to do with the execution of loan documents from First Interstate Bank. He suggested September 25 for their next meeting and October 10 or 11 for a following meeting. He explained that October 5 would be the last date to deposit $600,000 with the Bankruptcy Court and October 16 is the date set for the auction sale. He stated that on September 25 he expected to have a short public meeting but a long executive session. District Clerk Kathy Connelly suggested having their meetings at the DPS Emergency Operations Center. The District Board discussed the suggested dates for their future meetings. Mrs. Surra moved that on September 25 an executive session be held at 6:00 p.m. in the Council Conference Room or DPS Emergency Operations Center if it is available, and a public meeting at 7:00 p.m. with the option to reconvene for executive session if necessary; and that on October 13 an executive session be held at 5:30 p.m. in the Council Conference Room and a public meeting at 6:00 p.m. at DPS E.O.C. or Council Chambers. Mrs. Richmond seconded the motion. The motion passed unanimously. Mr. Farrell ask for authorization to pay legal services to the law firms of Jennings, Strouss and Salmon and for William Farrell . He asked for an additional $15,000 for legal fees to the law firm that has been selected by First Interstate Bank to prepare and approve their documents. He stated they do not anticipate spending the full amount; that last year they signed a letter for $5,000 for that but they estimate that between now and the closing it would be about $15,000. Mr. Farrell reminded the Board that they had authorized retaining Mr. Bill Plummer and Ms. Linda Sigfried; that Mr. Plummer had been retained but Ms. Sigfried is not available and she has suggested Mr. Stanley Francome to serve as the liaison for the inspections. He then briefed the Board on Mr. Francome's Water Utilities Community Facilities District Meeting Minutes of September 11, 1995 Page 1 of 2 background. He stated they do not anticipate needing any other consultants but he would ask for authorization to the District Manager to retain other consultants on an emergency basis for up to $5,000 for any work that might be needed for the September 25 or the October 13 meetings. Mr. Farrell informed the Board that they will be retaining the local Founders Title Company to work on the title. Mrs. Surra moved to pay all legal fees owed to Jennings, Strouss and Salmon and to William Farrell ; that they authorize up to and not to exceed $15,000 to retain the law firm for First Interstate Bank to check over all of the documents for the loan; that they authorize the substitution of Stanley Francome for Linda Sigfried to act as the attorney for inspections for the District; and that they authorize the District Manager and the District Attorney to retain consultants as needed on an emergency basis for a fee not to exceed $5,000. Mr. Farrell indicated that Rust Engineering has agreed to finish some engineering reports for an amount not to exceed $1,000: that he was not sure if the Board had previously approved that because his records did not indicate so. Mr. Surra added to her motion that they verify whether or not that amount has been approved and if not, they reauthorize payment of not to exceed $1,000 to Rust Engineering for the preparation of engineering reports. Mrs. Barker seconded the motion. The motion passed unanimously. Adjournment at 6:25 p.m. — _J ) Douglas foleman Chairperson i Kathleen Connelly- District Clerk Water Utilities Community Facilities District Meeting Minutes of September 11, 1995 Page 2 of 2